Average balance transfers now stand at £2,933, Moneyextra.com claims, a staggering 10.6 per cent rise in debt on the month before. “Outstanding credit card balances have risen by almost 20 per cent since April and they’re set to rise further…

Annual Percentage Rates (APRs), interest rates, the length of the interest-free period, the minimum repayment and other debt charges are to be included in a bid to improve the credit industry’s reputation. “The launch of the credit card cheque summary…

The increase in total net lending to individuals was £10.9 billion, with loans secured on homes accounting for £9.8 billion of this. Even though Britons are still struggling with debt, the figures reveal that the demand for loans and credit…

In its survey, Citizens Advice Cymru found that 57 per cent of Welsh residents lacked a monthly budget and this is likely to be mirrored throughout the UK. “The experience of Citizens Advice Cymru shows that a general lack of…

Birmingham Midshires claims that the average amount is £7,548 in liquid savings, enough for 167 days, as the bank continues to urge people to save more. Jason Robinson, director of savings operations for Birmingham Midshires, said: “For a long time…

Nearly half of respondents in the Unisys survey thought that mortgages require a ten per cent deposit and that they can only borrow three times their salary, but this is not exclusively the case. “These figures suggest that there may…

Coleen McLoughlin, fiancee of England player Wayne Rooney, told girls to “get a grip” with debt and spending before it gets too much. “Don’t try to shop and party like a footballer’s wife,” said the 20-year-old in the Mirror. “I…